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Libya Takes ‘Pivotal Step’ With First Deepwater Well
...adames Basin (see map & MEES, 4 June 2007). The UK major pledged to spend $900mn drilling 17 wells at the assets, but the plans were disrupted by the 2011 revolution and the ensuing instability. Eni has since taken over as operator of the consortium with each firm holding 42.5%. As a deepwater wi...
Volume: 69Issue: 04Published at Fri, 23 Jan 2026 -
Cyprus Gas Ambitions: From Dreams To Reality In 2023?
...Cyprus has seen five sizable gas discoveries, the first back in 2011. But none has moved to development despite the presence of key majors in its offshore. Candidates in next month's elections know that victory could result in them being the President that finally succeeds in transforming Cy...
Volume: 66Issue: 04Published at Fri, 27 Jan 2023 -
Upper Zakum Extended, Terms Sweetened
...morandum of Agreement brings together the expertise of two of our investee companies currently operating across diverse geographic regions.” Cosmo has a small concession in Abu Dhabi, which was renewed in 2011. Abu Dhabi Oil Company (Cosmo 63%, Nippon 31.5%, Tepco 1.8%, Kansai 1.8%, and Chubu 1.8%) op...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Kufpec Scales Up Ambitions With Shell LNG Buyout, RWE-Dea Bid
...bmitted the highest bid – of about $6.8bn – when proposals were due this week, the Wall Street Journal reports. RWE-DEA Oil & Gas Production (Net) 2012 2011 Oil (‘000 b/d): Germany 13...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
QP: What’s Next?
...s financial muscle to become a major regional political player. So what comes next for Qatar’s leadership? MEES examines the possibilities. QP – which in 2011 according to its annual report had 66 subsidiaries, joint ventures and equity stakes ranging from catering and real estate to st...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
SABIC Reports 15% Fall In Profits For 2012
...85bn) for 2011. The company attributed the 15.5% net income decline to “higher cost of sales and lower sales prices for certain products, despite higher sales and production volumes and reduction in financial charges.” Gross profit for 2012 was SR54.31bn ($14.48bn), down by 12.6% from SR62.13bn ($16...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013